Is 20165, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 20165 has remained a Seller's Market.
Key Takeaway
20165 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 20165, VA
How much do homes in 20165, VA cost?
Median Sold Price
$635,000
$271/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in 20165 has remained the same since last year.
Summary: The median home sold price in 20165 was $635,000 in March 2024, up 0.3% from last year, and the median price per square foot was $271.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $259K | $275K | +6.2% |
| 2 Bedrooms | $382.5K | $370.6K | -3.1% |
| 3 Bedrooms | $578.2K | $600K | +3.8% |
| 4 Bedrooms | $770K | $775K | +0.6% |
| 5+ Bedrooms | $921K | $920K | -0.1% |
Summary: 20165 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.2%, 2 bedroom homes decreased by 3.1%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes decreased by 0.1%.
Housing Supply in 20165, VA
How many homes are available in 20165, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 85 | 99 | +16.5% |
Summary: The 20165 real estate market had 99 homes for sale in March 2024, a 16.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 33 | 37 | +12.1% |
| 4 Bedrooms | 29 | 36 | +24.1% |
| 5+ Bedrooms | 12 | 15 | +25.0% |
Summary: The 20165 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 24.1%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 25 | +66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20165, you could pay more than the asking price. 76% of homes here sold above asking price last month.
Summary: A total of 25 homes were sold or pending in 20165 in March 2024, up by 66.7% month-over-month. Of the 25 sold homes, 8% were sold under asking, 16% were sold at asking, and 76% were sold over asking.
Days on Market for 20165, VA
How long does it take to sell a home in 20165, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 22 Days | 5 Days | -76.8% |
Summary: Homes in 20165 had an average of 5 days on market in Mar 2024, down by 76.8% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20165 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 25 homes were sold in 20165; 96% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
